Here we are again at my favourite time of the month – it is time for the August 2016 online income report. Keep reading to discover exactly how I made money online and with side hustling throughout August, to help me to earn over £6,000 after expenses.
August is another one of those typically quiet months, so I have been spending a lot of time working on things behind the scenes. It hasn't really felt like “real work” in August, just lots of editing, making new images, rebranding my Facebook groups and all that sort of fun stuff.
I have also converted my money making boot camp into an email course, so if you missed it earlier this year then you can still get involved. Signing up gives you access to my exclusive Mastermind Facebook group, filled with hundreds of like minded people, all on their own money making journey. Here's what one attendee had to say:
Like a lot of people I initially had doubts about earning money online . Four months ago I started cautiously on Swagbucks earning a few pounds every week . I then followed the aspiring Emma of From Pauper To Princess who has literally changed my life . With her guidance and support I now earn enough to give up my stressful full time job and work from home . I have learnt and continue to learn from both her and the members of her groups. I'm in the process of setting up and writing my own blog too which will be going live in September. Without Emma’s expert advice I would still be working seven days a week and my family time would be non existent. I really can not thank her enough.
I have also been working really hard throughout August to declutter, by playing the Minimalism Game. The idea is simple – on the first of the month you get rid of one item, increasing it as the month progresses. By the end of the month I was getting rid of 31 items in that day. You would think that our house would be empty by now, but it still feels pretty cluttered. It has kick started my decluttering once again and I am feeling so motivated to continue.
Let's get into the numbers then!
Why I publish our income
Publishing our income holds us accountable to you, my readers. We want to achieve, we want to earn and quite frankly, we want you to congratulate us! We are able to look back at previous months when we need some more motivation or ideas to continue. Most importantly, we want to tell you how you can be making money! You might just want to make enough to cover your holiday spending money or you might want to quit your job all together. Whatever your financial needs are, you can earn extra.
Previous income reports
Here are our previous income reports if you would like to look back on our progress:
December 2015 – £2,676.46 (on holiday for a week)
January 2016 – £2,888.17
February 2016 – £2,520.43 (on holiday for 2 weeks)
March 2016 – £3,194.82
April 2016 – £3,579.34
May 2016 – £4,293.54
June 2016 – £3,813.70 (on holiday for a week)
July 2016 – £3,952.30
Affiliate earnings – £5,195.00
Can you believe this figure?!?! I am completely blown away by it. Just one month ago this figure was £2,895.07, which in itself is amazing. To see it increase by a massive £2,299.93 to £5,195.00 just blows my mind. I have almost doubled my affiliate income in just one month. I haven't significantly improved my traffic or had any other major thing happen. I have put together all of my affiliate marketing secrets into one place for you, in How To SMASH Affiliate Marketing as a UK Blogger. In this video and text course I cover everything from which affiliate programs to join to how to get over that fear of emailing your list. If you are interested in affiliate marketing then be sure to check out my guide to getting started with affiliate marketing.
I have had a few questions from people asking me if this course is aimed at new bloggers or established bloggers, and I have to say that it would suit both. I have over 600 blog posts, so it is taking me a long time to go back and edit my older posts in accordance with what I have learned. Whilst it is a big investment, I wish that this course was around when I first started! At least then I would have got started on the right foot.
If you are interested in generating your own income from affiliate marketing then be sure to check out my guide to getting started with affiliate marketing which has just been updated. My affiliate income has increased to an amazing number – in October 2015 this amount was just £581.59. If you are interested in making your own website so that you can start making an affiliate income then I have a great video guide to get you started.
Matched Betting – £491.86
I have been taking matched betting a lot slower recently, but I am still thrilled to see almost £500 tax free and risk free in August. I have managed to make £12,000 in 12 months from matched betting! This money is completely risk free and tax free, so I am happy with it! My earnings truly reflect the time and effort that I put in throughout August, which wasn't much. Matched betting is a risk free, tax free way to earn extra money by utilising the bookmaker's offers. Although the name can sound daunting, despite not being a sports fan I have managed to pick it up after a matched betting free trial. The free trial gives you some fantastic training videos and allows you to make anything from £40-£60 whilst deciding if it is for you.
If you are still on the fence about matched betting then why not consider giving matched betting a free trial? You can make anything from £40 – £60 and see if it is for you – you have nothing to lose. There are two approaches to take when it comes to matched betting – you can decide to work through the initial offers, bag yourself anything from £1,000 – £2,000 for a one off (maybe to pay off a credit card or have a holiday), or you can look to have a steady matched betting income every month.
You can see all my previous matched betting income reports:
- Month 1 earnings – £1,430
- Month 2 earnings – £1,619
- Month 3 earnings (including a Q&A) – £849
- October 2015 earnings – £1,105
- November 2015 earnings– £915
- December 2015 earnings – £1,347
- January 2016 earnings – £777
- February 2016 earnings – £393 (on holiday for 2 weeks)
- March 2016 earnings – £701.64
- April 2016 earnings – £622.36
- May 2016 earnings – £1,019.16
- June 2016 earnings – £447.18 (away for a week)
- July 2016 earnings – £689.52
Remember that month 3 also overlaps into October – from now on I will be reporting the matched betting income per calendar month.
I am now going to be calming down my matched betting efforts whilst I focus on other areas of income. We are starting to get serious about saving towards our financial goals, and getting a mortgage means that it is more important to have a taxable income, which matched betting isn't. It is already hard enough to get a mortgage being self employed, so we are focusing on other earnings that can be shown on tax returns.
Website earnings – £376.72
This figure is a tiny bit up from July – £5 or so. It seems to be sticking around the £370 mark and although I would love to see this amount increase to a consistent £500, when my affiliate income is doing so well I don't mind so much. We currently have six websites between us, and plans to launch another two but this has been delayed. We are really keen to continue to diversify our income and not rely too heavily on one website for an income.
Gift cards – £5
I love earning gift cards, although I don't always include them on my income reports. I didn't do much in August – I won a £5 Amazon voucher from a Facebook live chat with Latest Deals, who are launching later this month. This amount is NOT included in my total for the month.
Online surveys – £65.14
After July's increase, my survey earnings seem to be back down to the £60+ mark. I haven't had much time to dedicate to online surveys throughout August, so this amount is a fair reflection. I really enjoy the surveys on Prolific Academic and MintVine, so I keep doing those whilst watching tv and I have also started completing more surveys for OnePoll. I view surveys as a way to unwind and get away from anything too heavy for a few minutes and the income is now just an added bonus.
Everything else – £1,071.68
August has been a fun month for getting back to my roots and doing lots of side hustling. I have started reselling on eBay again (where I buy items at car boot sales to resell on eBay (click here to watch my latest car boot finds on YouTube), I've had lots of websites to test with WhatUsersDo and I have been completing lots of tasks at ClickWorker. Another massive one is that I reached payout on 20 Cogs which saw over £200 come into my bank account.
My other earnings consist of
- Rent profit
- My book sales
- Mystery shopping
- eBay sales
- Money earned for searching the web with Qmee
- Winning Badger The Button
Subtotal before expenses £7,199.40
Remember that this amount doesn't include tax, national insurance contributions, holiday pay and sick pay – for which we are putting aside 20-30% of our monthly income (excluding matched betting earnings as they are tax free).
Expenses – £1,036.86
In July I vowed to keep my expenses down…but it didn't happen! I think that I need to accept that my expenses are now typically over £1,000 a month. They are all things that I won't comprimise on, or I can't be without. They have helped me to grow my business into what it is, and I believe that cutting them would see a decrease in my earnings.
- Switching to Convert Kit for my mailing list.
- Paypal fees (when I have received payment).
- eBay fees – these were extremely high due to a few good sales.
- Landlord costs (mortgage).
- Board Booster – I have been using the free Board Booster program for a few months now to help me manage my Pinterest account, but I have now upgraded to a paid account which has really helped to increase my Pinterest referral traffic.
- Staffing costs including my virtual assistant.
- Postage for competition prizes and eBay sales.
- Facebook adverts
Total for August 2016 (after expenses) – £6,162.54
5 new posts in August
Here are some of the top new posts from August 2016:
- Matched betting and mortgages – everything you need to know.
- How we can afford to go to Disney World every year
- Get your free online income spreadsheet
- 5 steps to earning money from blogging
- Money saving hacks for Disney World
I am completely and utterly blown away. If you have seen my previous income reports then you may know that it was my goal to increase my income to £5,000 by December 2016, and of course I have only gone and smashed it!
I am much happier and I have a lifestyle that I enjoy a lot more. I love helping others to earn extra money too, and seeing this happen in front of my eyes is absolutely wonderful!
It is my long term strategy to keep growing my passive income – this is money I earn whilst I am sleeping or otherwise not actively working. My passive income comes from my book sales, affiliate marketing and my rental property. Taking the time to grow our passive income in the winter months means that I am really looking forward to having more time off in summer – time to go to the beach, go on day trips and just enjoy being outside. As a result of my passive income increasing I have started to introduce more posts about passive income and how you can grow your own.
My plans for the next month and beyond
I…I just don't know! I had this goal for £5,000 income by December 2016, so to have not only met it but blown it out the water is absolutely amazing. I want to continue working through the courses I have bought and implementing those changes, whilst also enjoying the work/life balance that I have going on. As for earnings, if I can keep to my earnings goals below then I will be happy.
My goal was always to bring in more income – by December 2016 I want to be making £5,000 a month, which I have broken down in to monthly targets. Trying to find an extra £250 a month is a much easier challenge than trying to make £5,000 in a month from where I currently am!
As a reminder, here were my financial goals for the rest of 2016.
- September – £4,250
- October – £4,500
- November £4,750
- December £5,000
Do you like this income report? Would you like to see more of them in the future? Let us know your thoughts in the comments – we would love to hear from you.